Bharti Airtel and Tech Mahindra announce partnership to grow India's digital economy; Stocks trade mixed

31 Mar 2022 , 01:07 PM

Bharti Airtel Limited, India’s premier communications solutions provider, and Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, today announced a strategic partnership to build and market innovative solutions for India’s digital economy by bringing together their core strengths.

Airtel and Tech Mahindra will co-develop and market 5G use cases in India. Airtel has been spearheading 5G demos and testing in India while Tech Mahindra has developed world-class 5G applications and platforms. Airtel and Tech Mahindra will set up a joint 5G innovation lab for developing Make in India use cases for the Indian and global markets.

The two companies will also bring to market customized Enterprise Grade Private Networks, which will be at the core of the digital economy. These solutions will focus on combining Airtel’s industry leading integrated connectivity portfolio of 5G ready mobile network, Fiber, SDWAN, and IoT along with Tech Mahindra’s proven system integration capabilities. The companies will initially focus on segments such as Automobiles, Aviation, Ports, Utilities, Chemicals, Oil & Gas and expand to other industries going forward.

Airtel and Tech Mahindra will also offer secure Cloud and Content Delivery Network (CDN) solutions to businesses. With enterprises rapidly moving to cloud based platforms as part of their digital transformation journeys, Airtel has built a formidable Hybrid Cloud portfolio with Airtel Cloud, Airtel IQ (CPaaS) alongside CDN offerings. Further, the two companies will explore leveraging Tech Mahindra’s technological expertise to support Airtel in Cloud Engineering, implementation of tools for Cloud Orchestration.

At around 1.04 pm, Bharti Airtel Ltd was trading at Rs744.75 per share down by Rs4.65 or 0.62% from its previous closing of Rs749.40 per share on the BSE. whereas Tech Mahindra Ltd was trading at Rs1,506.50 per share up by Rs10.35 or 0.69% from its previous closing of Rs1,496.15 per share on the BSE.

Ganesh Lakshminarayanan, CEO-Enterprise Business, Bharti Airtel said: “Airtel and Tech Mahindra have a shared vision of supporting the growth of India’s digital ecosystem. We are delighted to join forces with Tech Mahindra to bring to market a range of cutting-edge digital solutions for the emerging requirements of enterprises. With proven technology capabilities and deep customer trust enjoyed by the two brands, we believe this is a win-win partnership.”

Manish Vyas, President, Communications, Media and Entertainment Business, and CEO, Network Services, Tech Mahindra, said: “5G ecosystem will unlock immense opportunities for industries across sectors to improve productivity and enhance customer experience through digitally powered new-age platforms and solutions. We are excited to partner with Airtel to provide innovative and cutting-edge solutions for enterprise customers. In line with Tech Mahindra’s NXT.NOWTM framework, this collaboration is focused on offering next-generation services to the Indian market by enabling transformation via network, cloud engineering and customer experience.”

As part of NXT.NOWTM framework, which aims to provide ‘Seamless Customer Experience’, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet the evolving needs of changing customers.